itBit Bitcoin OTC Market Update: December 2015

itBit’s OTC trading volume fell 19% month-over-month in December due to the annual end-of-year slowdown within the trading world. During this same period, exchanges tracked within the XBX Index posted a 27% decline in trading volume.

Although we had fewer transactions in December, the transactions carried larger ticket sizes. Average volume per trade was nearly 400 XBT in December, a 40% month-over-month increase. The transactional data also shows that December was a “buyer’s market”. Buy-side participants predominantly dictated trade prices while sellers took deeper discounts.

itBit Bitcoin OTC Market Data Summary for December 2015

Total Bitcoin Volume Traded

23,310 XBT

Total USD Amount Traded

$9.9 Million

Average Daily Trading Volume

1,059 XBT

Month-over-Month Trading Volume Growth

-19%

December Highlights from the itBit OTC Desk

Remittance clients increased their overall volume traded up to 2% from a mere 0.1%.

Institutions continued to dominate OTC volume traded, up another percent to 64%.

New OTC clients from India and Jersey (see heat map below) started trading with us in December. This brings the number of client countries to 15.

Bank Leumi USA is itBit’s new banking partner for all US trading clients. The US arm of the Leumi Group brings over 100 years of banking experience and manages over $300 billion in assets worldwide.

To learn more about itBit's OTC trading services, please contact us at OTC@itbit.com. New clients receive $50 in bitcoin upon completing their first OTC trade with us!

Crypto asset trading involves a high degree of risk. The crypto asset market is new and unproven and may
not grow. Currently, there is relatively small use of crypto assets in the retail and commercial
marketplace in comparison to relatively large use by speculators, thus contributing to
price volatility that could adversely affect an investment in crypto assets. In order to
participate in the trading of crypto assets, you should be capable of evaluating the
merits and risks of the investment and be able to bear the economic risk of
losing your entire investment. No material at this site should be considered
as an offer by itBit to sell or solicitation by itBit of any offer to buy bitcoin or other crypto assets.